They speculate that we're nearing the end of another internet "bubble." Be sure to click the links in the Techdirt article.

Techdirt wrote:Following so much domain name speculating, comes the news that the domain name diamond.com has been sold for $7.5 million. That number is significant, because for those of you who were around in the last bubble, it was the highest price paid for a domain name at the height of the last bubble, about six months before the internet world started to deflate.